News/Press

EU4Business helps establish first Georgian business cluster
Georgia
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06/11/2017
A Georgian Furniture Cluster – the first formally established business cluster in Georgia – was officially launched on 27 October in Tbilisi. The establishment and development of this cluster is supported by an EU- GIZ project on ‘ SME Development and DCFTA in Georgia ’ implemented under the EU4Business Initiative. The Georgian Furniture Cluster (GFC) now connects 25 local SMEs in the sector of...
#StartBusinessChallenge: new EU4Business regulation platform launched in Vinnytsya
Ukraine
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06/11/2017
On 1 November, the Better Regulation Delivery Office (BRDO), supported by EU4Business FORBIZ project in Ukraine, presented its Platform for Effective Regulation (PRO) in Vinnytsya. Entrepreneurs, authorities and experts discussed the challenges facing Vinnytsya business, such as land allocation, connection to power grids, transfer of residential premises to non-residential premises, etc. "There...
SME events and trainings across Ukraine: plan ahead for November
Ukraine
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01/11/2017
A number of EU4Business events and trainings will be taking place in towns and cities across Ukraine in November, targeted at SMEs and entrepreneurs. They include a number of business forums and round table discussions around issues ranging from farming to exports, regulation to creative economy. Check out the events near you and make sure you register for participation. There are also several...
The EIB Group signs the first guarantee agreements in Georgia, Moldova and Ukraine under the EU4Business initiative
26/10/2017
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – signed today the first guarantee agreements with ProCredit Holding and its subsidiaries in order to support EUR 100 million of lending to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine under EU4Business initiative. These agreements will enable the ProCredit banks in these...
First EIB local currency loan for SMEs in Ukraine made possible with EU support
Ukraine
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26/10/2017
The European Investment Bank has provided its first ever local currency loan in Ukraine to improve small and medium-sized businesses’ access to affordable financing.​ The loan to ProCredit Bank Ukraine denominated in Ukrainian Hryvnia, equivalent to EUR 60 million, has been made possible by the European Union and TCX, an international currency exchange fund. It is a landmark deal combining EIB...
Eastern Partnership Business Forum promotes digital economies and innovation
26/10/2017
The 4 th Eastern Partnership (EaP) Business Forum takes place in Tallinn on 26-27 October 2017, under the Estonian Presidency of the Council of the European Union. More than 500 business leaders, government officials, policy makers from the European Union and from Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine come together to debate on the ‘ Digital Economy:...
Signing the agreement between the BRDO and Oschadbank
BRDO and Oschadbank sign memorandum of cooperation for implementation of SME business projects
Ukraine
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25/10/2017
Ukraine’s Better Regulation Delivery Office (BRDO) has teamed with Oschadbank to support the implementation of business projects for SMEs. On October 20, during the Get Business Festival, Oleksiy Goncharuk, the Chairman of the BRDO , which is supported by EU4Business FORBIZ project, and the Chairman of Oschadbank signed a memorandum of cooperation for the implementation of business projects in...
Business4Women: women’s entrepreneurial gene in focus at Mariupol forum
Ukraine
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25/10/2017
"Women are born with an entrepreneurial steak at the genetic level - a willingness to take responsibility for their children and their families. Our goal today is to inspire participants, to make them believe in themselves, in their strengths and opportunities, to find like-minded people." That was the message from Elvira Sevostiyanenko, the president of the Donetsk Chamber of Commerce and...
Participants discussed how to ensure maximum growth for the IT sector
IT industry in Ukraine could grow to $6 billion by 2020
Ukraine
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25/10/2017
The software development market is the only stable export industry in Ukraine, demonstrating an increase of 58% for 2013-16. Exports of software development services in 2016 amounted to US$3.2 billion, which brought the industry to third place in terms of currency revenues and provided 26% of total exports of services. The market creates about 100,000 high-paying jobs and has huge potential for...
Greenhouse innovation in focus at EU4Business event in Khmelnytskyi
Ukraine
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25/10/2017
Farmers involved in greenhouse cultivation, and those just interested in the industry, had an opportunity to get up to date with the latest information and establish useful contacts during the ‘Tradition and Innovation in the Greenhouse Business’ Workshop in Khmelnytskyi on 20 October. The seminar was organised by the local Business Support Centre with the participation of the European Bank for...